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Sale 1027 — The Natalee Grace Collection of Used U.S. Stamps, Part Two: 1869 to Pan-American Issues

Sale Date — Wednesday, 19 September, 2012

Category — 1894 Unwatermarked Bureau Issue (Scott 246-263)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
131
 
Sale Number 1027, Lot Number 131, 1894 Unwatermarked Bureau Issue (Scott 246-263)1c-10c 1894 Issue (246-247, 253-255, 257-258), 1c-10c 1894 Issue (246-247, 253-255, 257-258)1c-10c 1894 Issue (246-247, 253-255, 257-258). Seven used stamps all selected by the collector for their superior centering, rich colors and overall eye appeal, all are sound and Extremely Fine Gems, an excellent opportunity to acquire a group of low-catalogue value stamps in far better condition than normally seen, this group is difficult to find in such choice condition, the owner spent significant time searching for quality copies and this is the result of several rounds of upgrades

85
900
132
 
Sale Number 1027, Lot Number 132, 1894 Unwatermarked Bureau Issue (Scott 246-263)2c 1894-98 Bureau Issue (248/252, 265/267, 279Bc/279Bi), 2c 1894-98 Bureau Issue (248/252, 265/267, 279Bc/279Bi)2c 1894-98 Bureau Issue (248/252, 265/267, 279Bc/279Bi). 21 used stamps, includes eight unwatermarked, six from first watermarked group, seven from later Type IV issue, each a distinctly different shade, virtually complete for Scott-listed incl. major numbers and sub-numbers such as 250a, 250b, 252a, 267a, 267c, 279Bc (with 2001 P.S.E. certificate), centering varies from gorgeous to acceptable, Very Fine-Extremely Fine, an extremely difficult group of shades to assemble, the owner offered several dealers and collectors first $5,000 and then $10,000 to assemble an Extremely Fine set of these shades and none could do so

E. 1,000-1,500
4,000
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133
 
Sale Number 1027, Lot Number 133, 1894 Unwatermarked Bureau Issue (Scott 246-263)2c Carmine, Ty. II (251), 2c Carmine, Ty. II (251)2c Carmine, Ty. II (251). Radiant color towards the Scarlet sub-shade, beautiful centering with wide and balanced margins, face-free cancel at upper right, Extremely Fine Gem, a superb stamp in every respect, with 2009 P.S.E. certificate (XF-Superb 95; SMQ $370.00), this is the highest grade awarded to date and the only example to achieve this grade

14
550
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134
 
Sale Number 1027, Lot Number 134, 1894 Unwatermarked Bureau Issue (Scott 246-263)5c Chocolate (255), 5c Chocolate (255)5c Chocolate (255). Gorgeous centering with Jumbo margins, intense shade and impression, long and full perforations all around, unobtrusive cancel, Extremely Fine Gem, a superb stamp in every respect, with 2010 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $250.00 as 95, $1,250.00 as 98), only one has graded higher to date (at 98) and only two others share this grade

10
275
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135
 
Sale Number 1027, Lot Number 135, 1894 Unwatermarked Bureau Issue (Scott 246-263)6c Dull Brown (256), 6c Dull Brown (256)6c Dull Brown (256). Perfectly centered with Jumbo and even margins, deep shade on brilliant paper, neat strike of duplex cancel, Extremely Fine Gem, the 6c was issued on July 18, 1894 and was the first denomination of the Bureau series to be issued, with 2003 P.F. and 2009 P.S.E. certificates (XF-Superb 95 Jumbo; SMQ $600.00 as 95, unpriced as 98), this is the highest grade awarded to date and only one other shares this grade

30
425
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136
 
Sale Number 1027, Lot Number 136, 1894 Unwatermarked Bureau Issue (Scott 246-263)15c Dark Blue (259), 15c Dark Blue (259)15c Dark Blue (259). Perfectly centered with unusually wide and balanced margins, deep rich color and proof-like impression on bright paper, neat strike of oval registry cancel

EXTREMELY FINE GEM. A MAGNIFICENT USED EXAMPLE OF THE 1894 15-CENT UNWATERMARKED BUREAU ISSUE IN THE FINEST CONDITION ATTAINABLE. THIS WONDERFUL STAMP HAS BEEN AWARDED THE GRADE OF SUPERB 98 BY P.S.E., WHICH IS THE HIGHEST GRADE AWARDED TO DATE. IT IS ALSO THE ONLY EXAMPLE TO ACHIEVE THIS GRADE.

Brookman notes that for the 15c 1894-95 Bureau Issues, the circle around the numeral at lower left does not impinge on the oval, as is the case with the 15c 1890 Issue (Scott 227). This issue was made from an altered die where more work was done than just adding the triangles at top.

With 1999 P.F. and 2009 P.S.E. certificates (Superb 98; SMQ $2,900.00). This is the highest grade awarded to date and the only example to achieve this grade.

70
1,500
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137
 
Sale Number 1027, Lot Number 137, 1894 Unwatermarked Bureau Issue (Scott 246-263)50c Orange (260), 50c Orange (260)50c Orange (260). Gorgeous centering with Jumbo margins, vibrant color on bright paper, neat strike of duplex cancel, Extremely Fine Gem, a stamp of unusually wide margins, Brookman notes "There are few, if any, 19th century U.S. stamps that are so difficult to find in superb used condition as this stamp. The price for commercial copies of this stamp can well be multiplied by 10 and the buyer of a superb copy of this stamp at such a price can rejoice in the fact he has a bargain!", with 1984 P.F. certificate

160
325
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138
 
Sale Number 1027, Lot Number 138, 1894 Unwatermarked Bureau Issue (Scott 246-263)$1.00 Black (261), $1.00 Black (261)$1.00 Black (261). Perfectly centered with Jumbo margins, intense shade and proof-like impression on bright paper, neat strike of oval registry cancel

EXTREMELY FINE GEM. THIS PHENOMENAL STAMP HAS BEEN AWARDED THE GRADE OF SUPERB 98 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED TO DATE AND THE ONLY EXAMPLE TO ACHIEVE THIS GRADE. TRULY STUNNING IN EVERY RESPECT.

The $1.00 Type I, which is defined as having an incomplete circle around the left "$1", occurred on 150 of the 200 subjects of Plate 76. However, the $1.00 unwatermarked stamps are notorious for having small margins. To date only one has graded 95 and two have graded 98. A comparison to one of the 98's, offered in our Sale 946 (lot 739), demonstrates the significant difference in margin size. Far fewer of the unwatermarked stamps were issued compared to its watermarked counterpart -- 26,284 of Scott 261 were issued compared to 192,449 of the watermarked Scott 276. They were mostly used on parcels or other oversize or heavy mailings. The stamps on these mailings tend to be damaged from use or were discarded, resulting in a small population of sound used stamps. Linn's Stamp Facts estimates less than ten covers are known.

With 1999 P.F. and 2009 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $8,400.00 as 98). This is the highest grade awarded to date and the only example to achieve this grade.

375
7,500
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139
 
Sale Number 1027, Lot Number 139, 1894 Unwatermarked Bureau Issue (Scott 246-263)$1.00 Black, Ty. II (261A), $1.00 Black, Ty. II (261A)$1.00 Black, Ty. II (261A). Crisp impression on bright paper, unusually wide and balanced margins for this difficult issue, bold strike of duplex cancel

EXTREMELY FINE GEM. A GORGEOUS USED EXAMPLE OF THE 1894 TYPE II UNWATERMARKED BUREAU ISSUE. THIS IS ONE OF THE MOST DIFFICULT ISSUES TO OBTAIN WITH SUCH CHOICE CENTERING.

The $1.00 Type II, which is defined as having the complete circle around the left "$1", occurred on only 50 of the 200 subjects of Plate 76. It is believed that only 8,762 were issued. This is a miniscule number when compared to the previous $1.00 stamp of the Columbian series (55,050 issued) and its watermarked counterpart (Scott 276A with 63,803 issued). They were mostly used on parcels or other oversize or heavy mailings. The stamps on these mailings tend to be damaged from use or were discarded, resulting in a small population of sound used stamps. Linn's Stamp Facts estimates less than ten covers are known.

With 1999 P.F. certificate.

825
1,900
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140
 
Sale Number 1027, Lot Number 140, 1894 Unwatermarked Bureau Issue (Scott 246-263)$2.00 Bright Blue (262), $2.00 Bright Blue (262)$2.00 Bright Blue (262). Gorgeous lustrous shade on wonderful bright paper, perfectly centered with wide and balanced margins all around, long and full perforations, neat strike of oval registry cancel

EXTREMELY FINE GEM. THIS IS EASILY ONE OF THE FINEST USED EXAMPLES OF THE 1894 $2.00 UNWATERMARKED BUREAU ISSUE IN EXISTENCE. THIS STAMP IS EXCEEDINGLY RARE IN SUCH SUPERB CONDITION.

Brookman notes "Only 10,027 of this stamp were issued and for some reason the centering on most of the copies we have seen is very poor." This amounts to just a bit more than 100 panes. Only a small number were used, mostly on parcels or other oversize or heavy mailings. The stamps on these mailings tend to be damaged from use or were discarded, resulting in a small population of sound used stamps. No covers are known. Given Brookman's comments on centering, the existence of this superb stamp is a true anomaly.

With 1997 P.F. and 2009 P.S.E. certificates (XF-Superb 95; SMQ $10,000.00). This is the highest grade awarded to date and only two others have achieved this grade. Based on centering, color and overall freshness we are surprised this did not grade higher.

1,250
4,750
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141
 
Sale Number 1027, Lot Number 141, 1894 Unwatermarked Bureau Issue (Scott 246-263)$5.00 Dark Green (263), $5.00 Dark Green (263)$5.00 Dark Green (263). Rich color and proof-like impression on bright paper, unusually choice centering for this difficult issue with Jumbo margins, unobtrusive strike of circular datestamp

EXTREMELY FINE GEM. THIS IS WITHOUT QUESTION ONE OF THE FINEST USED EXAMPLES OF THE 1894 $5.00 UNWATERMARKED BUREAU ISSUE IN EXISTENCE. THIS IS THE MOST DIFFICULT DENOMINATION TO OBTAIN IN SUCH SUPERB CONDITION. THIS MAY ALSO BE THE EARLIEST DOCUMENTED USE OF THIS ISSUE.

Brookman notes "The $5 is the scarcest stamp in the 1894 series as the total issue of the stamp consisted of 6,251 stamps. It is probable that more of these stamps might have been sold were it not for the fact that speculators were dumping $5 Columbians at a discount to face because the rise they had anticipated had failed to materialize." Very few were used. A review of Power Search and P.S.E'.s Population Report found very few used and centered copies of this issue.

The cancellation on this issue reads "10-5 1895". The last digit of the yeardate is slightly smudged, but using computer enhancement we are able to discern the ball at the curve of the "5". Also, the shape of the top could not be any other number. This stamp was listed by Alan Berkun as a potential EDU pending his examination of the item. The date listed in Scott Catalogue as the EDU is July 6, 1896. Considering that this stamp was issued in December 1894, it is our opinion that this should be the new earliest documented use. No covers are known.

With 1999 P.F. and 2009 P.S.E. certificates (XF 90 Jumbo; SMQ $6,300.00 as 90, $17,900.00 as 95). Only one has graded higher to date and this is the only example to achieve this grade. Catalogue pricing also does not take into consideration the date.

2,750
11,500
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